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25.11 - 13:01
UK satellite firm Inmarsat agrees $7.3bn takeover by US rival Viasat
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The British satellite communications company Inmarsat has agreed a $7.3bn (£5.4bn) takeover by the California-based Viasat, becoming the latest UK tech firm to be taken over by a foreign rival.
The deal is the latest in which a UK company that plays a key role in Britain’s economy and national security is to be taken over by foreign rivals or private equity firms. Inmarsat was listed on the London Stock Exchange before being taken private two years ago by a consortium including the private equity firm Apax.
Viasat, which described the deal as “transformative” for the global communications industry, said it intended to work with the government to continue to invest and grow Inmarsat’s presence in the UK.
“Viasat plans to preserve and grow
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